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Foreclosure rates climb in November

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Foreclosure rates rose to a nine-month high in November even though the number of homes starting on the path to foreclosure declined to its lowest level in six years.

Foreclosure listing firm RealtyTrac says the foreclosures increased 11 percent from October and up five percent from November last year. But the number of homes entering the foreclosure process, otherwise known as foreclosure starts, dropped to its lowest number since December 2006.
 

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